Muthoot Finance IPO

amal

New Member
#1
The IPO of Muthoot Finance Ltd. started yesterday. Its a non-banking finance company. Price band is 160-175. IPO closes on Thursday. The rating given by my stock broker is 'Above-average'. But the subscription on first day was only around 15%.
Is the IPO price reasonable? Can someone provide more info on this?
 
#5
I have subscribed to this issue ...

Issue is subscribed 25 times by DII's and FII's, 1.3 times by retail investors ...
Since tomorrow is the last day for Retail participation you still has chance to subscribe ...

The strategy should be :
Subscribe to IPO
Sell on listing day
Wait for 5-7 trading sessions to stabilize the price and then buy if you are interested in company or that particular business ..
 

amal

New Member
#6
@ praveen taneja, sangit73, stock_newbie, jatin_gala

Thanks for posting your views. I haven't taken my decision yet.. Most probably I won't buy it.
 

praveen taneja

Well-Known Member
#7
I have subscribed to this issue ...

Issue is subscribed 25 times by DII's and FII's, 1.3 times by retail investors ...
Since tomorrow is the last day for Retail participation you still has chance to subscribe ...

The strategy should be :
Subscribe to IPO
Sell on listing day
Wait for 5-7 trading sessions to stabilize the price and then buy if you are interested in company or that particular business ..
What if it open below 150:p:p:p
more chances are its going below Mannapura finance as its fundamentals are better then muthut which is trading around 125:thumb:
 

kcsusha

Active Member
#8
Please all remember that Face Value of Manappuram Finance is Re 1 ( equal to Rs 1270 )

on converted to FV Rs 10 when compared to Muthoot Finance whose FV is Rs 10 and

available at Rs 175 and both are in the same line of business.
 

nebujvs

Active Member
#9
What if it open below 150:p:p:p
more chances are its going below Mannapura finance as its fundamentals are better then muthut which is trading around 125:thumb:

Please do't cook with half knowledge. Manapuram Fin given many times return to its investors.

Muthoot is much better than Manapuram , in experience, Brand value, network, etc.

It finished with 25 times over subcribtion.

I expect more than 25% return to the lucky alloties.

If you missed this chance, you can bet for their next IPO with in 6 months Muthoot Securities. :D
 

praveen taneja

Well-Known Member
#10
Please do't cook with half knowledge. Manapuram Fin given many times return to its investors.

Muthoot is much better than Manapuram , in experience, Brand value, network, etc.

It finished with 25 times over subcribtion.

I expect more than 25% return to the lucky alloties.

If you missed this chance, you can bet for their next IPO with in 6 months Muthoot Securities. :D
Do not count the chicken before uska Omlet na ban jaye:thumb::lol:
 

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